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Dr Draghi gives clean bill of health – Societe Generale

FXStreet (Barcelona) - Kit Juckes, Global Head of Currency Strategy at Societe Generale explained that Doctor Draghi gave the European banking system a reasonably clean bill of health.

Key Quotes:

“The ECB observing only that a smallish number of banks have to raise a modest amount of capital”.

"It's either a reassuring or a naive picture of the banking system, depending on how you want to read it”.

“Our equity analysts conclude that this is good news for bank stocks on the whole, while from a macro point of view it was largely a non-event that allows us to move on to bigger issues."

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